Price Improvement Smashes Previous Record of “Savings to Investors”
For the month of January 2006, BOX’s total monthly “savings” benefit to investors was $5.5 million, up 72% over the previous month. An average of 98,088 contracts received price improvement daily, a new record. Not only is this a 66% increase over the previous month, but it also represents an average daily “savings” to investors of approximately $278,558. Orders submitted to the PIP process were improved, on average, $2.84 per contract as 38% of customer contracts traded received price improvement.
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